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Legislative Assembly for the ACT: 2013 Week 2 Hansard (14 February) . . Page.. 627..

use of my powers in this instance will also enable the timely commencement and completion of the proposed development by the proponent, thereby benefitting those in the community who will be the beneficiary of the services provided within it.

Section 161(2) of the act specifies that if I decide an application, I must table a statement in the Assembly not later than three sitting days after the day of the decision. Therefore, Mr Assistant Speaker, as required by the act and for the benefit of members, I table a statement providing a description of the development, details of the land on where the development that is proposed to take place, the name of the applicant, the details of my decision on the application, and the reasons for the decision.

Independent Competition and Regulatory Commission—report

Paper and statement by minister

MR CORBELL (Molonglo—Attorney-General, Minister for Police and Emergency Services, Minister for Workplace Safety and Industrial Relations and Minister for the Environment and Sustainable Development): For the information of members I present the following paper:

Independent Competition and Regulatory Commission Act, pursuant to section 24—Independent Competition and Regulatory Commission—Report 11 of 2012—ACT Greenhouse Gas Abatement Scheme—Compliance and Operation of the Scheme for the 2012 Compliance Year, dated December 2012

I ask leave to make a statement in relation to the paper.

Leave granted.

MR CORBELL: I bring to the Assembly today the eighth and final annual report on the operation of the ACT greenhouse gas abatement scheme. The GGAS scheme, as it is known, was developed to reduce or offset greenhouse gases associated with the production of electricity use in the ACT. The scheme was established in the ACT under the Electricity (Greenhouse Gas Emissions) Act 2004, and commenced on 1 January 2005. The scheme mirrored the New South Wales GGAS scheme and, in many respects, they operated as a single scheme.

The scheme was designed to reduce or offset greenhouse emissions associated with the production of electricity. It required retailers of electricity in the ACT to procure an increasing component of their product from cleaner and more sustainable sources, thereby effecting large reductions in associated greenhouse gases. Tackling our emissions from electricity use is key to reducing our greenhouse gas emissions.

Under the act, the ICRC was the scheme regulator in the ACT. One of the commission's functions as regulator was to determine the greenhouse gas reduction target benchmark for the ACT in any given year. Members will recall that in November 2007 the Assembly agreed to extend operation of the ACT scheme from

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